And yet, from both a “do I believe the story?” perspective and a “show me the money” perspective, there’s been a much better choice for the past three to four years, and it may finally be getting its moment in the sun: the VanEck Vectors Fallen Angel High Yield ETF (ANGL).

ANGL’s pitch is simple: Instead of just hunting for junk, it specifically looks for bonds that became junk later in life, but were issued as investment grade.

The idea is that these companies aren’t in desperately troubled sectors of the economy, have good bones and simply hit some level of hard times that caused their ratings to fall. Companies that downgraded often get severely punished by the markets, making for opportunities for contrarian buyers—like ANGL.